OPEC to wait till March to gauge cut impact: Qatar

Abu Dhabi, Feb 5: OPEC will wait until March to gauge the impact of an output cut implemented on Feb 1 before deciding on any further action, Qatar's Energy Minister Abdullah bin Hamad al-Attiyah said on Monday.

''It is too early to say and we have to wait for a few weeks to see how the market will stabilise,'' Attiyah told reporters in Abu Dhabi, capital of the United Arab Emirates.

''Prices now are fluctuating and dropped dramatically in the last few months because of the very mild winter and now it (the oil price) has come back again. We will see from now until March and then we'll decide,'' he said.

Reuters